Second Covid-19 wave: Cairn India seeks force majeure extension

Globally, oil and gas firms had availed of relaxations in exploration contracts to deal with the disruption.

Topics
Cairn India | oil and gas | oil market

Jyoti Mukul  |  New Delhi 

With oil and gas exploration activities taking a hit because of Covid-19, Cairn India has sought another year’s relaxation on its open acreage licence policy (OALP) blocks under a force majeure clause in line with what public sector undertakings got last year.

Oil and Natural Gas Corporation, Cairn India, and Oil India had invoked force majeure in April 2020 for new exploration blocks, where they have petroleum exploration licences and were required to carry out a committed work programme (CWP) under a contract with the government. This allowed the companies to legally ...

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First Published: Sat, May 22 2021. 06:10 IST
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